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The oil pries raise
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What happens to prices set below market equilibrium?
There are a number of things that will happen to prices set below market equilibrium. They will cause a high demand and this will result in limited supply due to the low prices.
What happens when supplies are low and demand is high?
The price of the supplies get higher.
What are the various forms of consumers exploitation?
1)Limited information 2) Limited supplies 3) limited competition 4) Low literacy 1)Limited information 2) Limited supplies 3) limited competition 4) Low literacy 1)Limited information 2) Limited supplies 3) limited competition 4) Low literacy
How People are willing to pay a higher price if they believe that supplies are?
limited
People are willing to pay a higher price if they believe that supplies are .?
limited
Why did prices increase during world war 1?
Well, there were limited supplies to be sold and many people were willing to pay more for their daily goods so shops took advantage of that and increased prices.
What general statement can you make about the supply of fossilfuels given what you know about their formation?
Fossil fuel supplies are limited and not easily replaced. The principle of supply and demand suggests that as hydrocarbon supplies diminish, prices will rise. Therefore higher prices will lead to increased alternative, renewable energy supplies as previously uneconomic sources become sufficiently economical to exploit.
What happens to prices set below market equilibrium?
There are a number of things that will happen to prices set below market equilibrium. They will cause a high demand and this will result in limited supply due to the low prices.
Why was the Farmer's Alliance formed in the 1870s?
to negotiate lower prices for supplies.
When supplies are endless prices tend to .?
Decrease
When supplies are limited prices tend to change in what manner?
The economic laws of supply and demand come into play regarding this question. As supplies of a major commodity, rice, for example, goes down, then the price of rice on a wholesale level and at the grocery store will go higher.
When supplies are limited priced tend to?
increase
Where can one purchase XL Video supplies for cheap prices?
One can purchase XL Video supplies for cheaper prices at Nextag Sellers and Amazon. The best prices and quality can be found on these two sites online.
What store sales the in style?
A large collection of unisex style products and supplies at special prices
Where can one compare prices for Sammons and Preston medical supplies?
Sammons Preston Medical hosts a large inventory of medical supplies. One can compare prices for these medical supplies on websites such as Amazon or Patterson Medical Products.
Where can I find cheap restaurant supplies?
Try visiting www.foodservicewarehouse.com for great prices on restaurant supplies and equipment.
What happens when supplies are low and demand is high?
The price of the supplies get higher.
